Purchasing Power
| Use attributes for filter ! | |
| Google books | books.google.com |
|---|---|
| Originally published | 2001 |
| Authors | Elizabeth M. Liew Siew Chin |
| Date of Reg. | |
| Date of Upd. | |
| ID | 3061026 |
About Purchasing Power
What does it mean to be young, poor, and black in our consumer culture? Are black children "brand-crazed consumer addicts" willing to kill each other over a pair of the latest Nike Air Jordans or Barbie backpack? . . .
Households to be £1,900 poorer, says think tank
... It said people s Purchasing Power had been stagnating for 20 years, and that recent pay rises just reflected the reality of higher inflation...
Schools and NHS caterers ‘must stop' antibiotic overuse
... Cóilín Nunan, the Alliance s scientific advisor, told BBC News that the government could use its considerable Purchasing Power in public service contracts to encourage better controls on antibiotic use...
How Ghana's central bank lost $5bn in one year
... Ghanaians incomes have been eroded, affecting their Purchasing Power...
How Argentina learned to love the US dollar
... It s estimated that during the 1980s alone, middle-class Argentines saw their Purchasing Power shrink by 30%...
House prices in first annual fall for 11 years, says the Halifax
... Although that may be welcomed by first-time buyers, higher than expected mortgage rates are squeezing their Purchasing Power...
France protests: Macron takes off 'luxury' watch during TV interview
... She tweeted that as the president was claiming minimum wage earners had unprecedented Purchasing Power, " the final image" was him " removing his pretty luxury watch"...
Home asking prices £14 rise smallest for 22 years
... Part of the reason is higher mortgage rates, which have squeezed Purchasing Power...
Ukraine war: How Germany ended reliance on Russian gas
... They " have less of a Purchasing Power than the Europeans have and, notably, the Germans...
Home asking prices £14 rise smallest for 22 years
The average asking price for a UK home rose by just £14 between January and February, according to property website Rightmove - The lowest increase since its records began in 2001.
The average asking price for a home is now £362,452, it said.
Asking prices normally Rise at The start of The year as sellers Gear Up for The Spring selling season.
But Rightmove said higher mortgage rates and living costs were squeezing what people could afford.
It Follows months of falling house prices and predictions of further declines this year and next.
" Many sellers are breaking with tradition and showing unseasonal initial pricing restraint, " Tim Bannister, Rightmove 's director of property science, said of The latest figures.
He added that buyers were taking more time to " find The Right property at The Right price" and wanted " greater realism on price".
Up until January house prices in The UK, according to building society Nationwide.
Meanwhile annual house price growth slowed to 1. 1%, down from 2. 8% in December.
Part of The Reason is higher mortgage rates, which have squeezed Purchasing Power . Rates have fallen from The 6. 65% highs seen after Liz Truss 's mini-budget in September but remain far above what they were a year ago.
According to research firm Moneyfacts, average two-year and five-year fixed rate mortgages are still above 5%.
At The same time Inflation - The rate at which prices Rise - is at its highest level for 40 Years , putting pressure on household budgets.
Despite this, Rightmove said buyers were benefiting from " more choice albeit with revised budgets to accommodate higher mortgage rates".
And Tom Bill, head of UK residential research at Estate Agent Knight Frank , said The housing market had picked up a bit since Christmas.
" Buyers and sellers switched off early for The Holidays due to The volatility caused by The mini-budget but have come back surprisingly strongly in 2023, " He Said .
Knight Frank expects house prices to fall by about 5% this year as household budgets come Under Pressure .
The Office for Budget Responsibility, The government's official forecaster, has predicted a 9% drop in prices through To Autumn 2024 before prices start to Rise again.
Related TopicsSource of news: bbc.com